YEAR                                                     EVENTS
 1984 - The Company was incorporated in the State of Maharashtra on
 11th
        April, in the name of Dewan Housing Finance & Leasing Co.
 Ltd.,
        and obtained the Certificate for Commencement of Business on
 26th
        April, 1984.  The name of the Company was changed to Dewan
        Housing Development Finance Ltd., and a fresh certificate was
        obtained on 26th September.
 
      - The Company undertook provision of housing finance to
        individuals, cooperative societies, corporate bodies or their
        nominated employees, groups of persons, etc., and leasing of
        commercial and residential premisses to reputed companies.
 
      - 700 No. of equity shares subscribed for by signatories to the
        Memorandum of Association.  24,99,300 No. of equity shares
 then
        issued at par of which 9,99,300 shares were reserved and
 allotted
        on a firm basis.  The remaining 15,00,000 shares were offered
 for
        public subscription during December 1984 (all were taken up).
        77,900 No. of equity shares forfeited.
 
 1990 - 5,00,000 No. of equity shares of Rs 10 India on private
 placement
        basis.  50,000 shares out of the forfeited shares issued to
 Union
        Bank of India.
                               
 1991 - 60,42,425 Shares issued.
 
 1994 - The Company allotted 90,33,125 Rights equity shares of Rs 10
 each
        for cash at a premium of Rs 5 aggregating Rs 1354.96 lakhs on
        Right basis in prop. 1:1.  The Company also preferentially
        placed 40,00,000 No. of equity shares at a premium Rs 5 per
 share
        with the promoters and 60,00,000 shares at a premium of Rs 25
 and
        Bodies Corporate.
 
      - The Company has conducted in-house training programmes in
 diverse
        fields for all its employees to keep them up-to-date with the
        sweeping changes taking place in the economic scenario.
 
 1995 - The Company has opened an additional branch at Nagpur, taking
 its
        total branches and offices all over the country to 28.
 
      - The Company has been awarded a CARE-AA (FD) rating for the
        Fixed Deposit Schemes by Credit Analysis and Research Ltd.
        (CARE), which is a rating offered for High Investment Grade
        Securities.
 
      - The Company has introduced various welfare measures including
 an
        `Educational Loan Scheme' for reimbursing employees who wish
 to
        go in for higher education; `Concessional Housing Loan
 Scheme'
        for those employees who want to acquire a house.
 
 1996 - The performance of the company was adversely affected due to
 the
        tight liquidy scenario and the general decline in the demand
 for
        real estate.
 
 1997 - Dewan Housing Finance Corporation Ltd (DHFCL) is the largest
        family owned housing finance company and is a part of
 Wadhvani
        group which has diverse interests, including real estate
        development.
 
      - Dewan Housing Finance Corporation Ltd (DDHFL) is coming out
        with a private placement of fully-secured redeemable
        non-convertible debentures for raising Rs.50 crore.  Of this,
        Rs.10 crore is open for retail investors while the remaining
 is
        for institutional investors and the Government.
 
      - The Company has introduced a novel scheme linking housing
 loans
        with a Double Protection Plan, which incorporates a free
        accident-risk cover and property insurance to the extent of
 the
        loan liability.
 
 1998 - Dewan Housing Finance Corporation Ltd has introduced a new
        concept called home equity loan scheme.
 
      - The Company also introduced home improvement loans for
 repairs
        and renovation and extension loans, though other housing
 finance
        companies already offer such schemes.
 
 1999 - This company is one of the prominent players in the housing
        finance industry.
 
 2000 - Dewan Housing Finance Corporation, second largest private
        sector housing finance company in India, has developed its
 own
        brand image in the last 15 years through its 30 branches in
        medium sized cities like Baroda, Nagpur, Visakhapatnam,
        Shimoga, etc.
 
      - The company has also entered into an agreement with Aptech
 Ltd
        for software solutions to its existing housing finance
 business
        to streamline its customer services.
 
      - Dewan Housing Finance Corporation has opened a new branch at
        Jayanagar, Bangalore, taking its presence in Karnataka to 28
        locations.
 
      - The Company has launched a rights issue of Rs 16.80 crore in
 the
        ratio 1:3 in order to fund asset growth and augmentation of
 the
        capital base.
 
      - The Company has entered into an agreement with
        indiaproperties.com to promote its home finance services on
 its
        site.
 
    - The Company has appointed Aptech Ltd. for providing the
 software
        solution for enabling the company to be web-enabled in its
        business approach.
        
      - The Company in a bid to expand laterally and change its focus
 from 
          housing finance, will be venturisng into consumer finance.
 
       - Dewan Housing Finance Corporation Ltd. is diversifying into
 finance for
         consumer durables, vehicles  and personal loans.
 
       - Dewan Housing Finance Corpn. has launched Home Loans Plus a
 new
         Scheme whereby finance would be provided for consumer
 durables, vehicles 
          personal loans.
 
      - Mr. Rajesh Wadhawan, Chairman of the company, and one of the
 pioneers of the
        housing finance industry died after a prolonged illness on
 30th September.
 
          - The Company appointed Rakesh Wadhawan as their new
 chairman and
              Kapil Wadhawan as the Managing Director.
 
 2001 - The Company has entered into an agreement with the National
 Insurance Company
              for providing `earthquake insurance cover'.
 
 2003-Shri S. D. Khosla and Abdul Hasib, Directors have resigned from
 the Board of the Company.
 
 
 2004
 
 -Dewan Housing Finance Corporation Ltd has informed  that pursuant to
 the application made to The Ahmedabad Stock Exchange (ASE) and The
 Delhi Stock Exchange (DSE) for delisting of securities of the
 company, the Company has received an intimation from The Ahmedabad
 Stock Exchange that the share/securities of the Company will be
 delisted from ASE with effect from January 16, 2004.
 
 -Dewan Housing Finance Corporation Ltd has informed that the Company
 has signed the Loan Agreement with Asian Development Bank (ADB),
 Philippines for availing a Term Loan assistance of US$ 20 million
 
 2008
 
 - Dewan Housing Finance Corporation Ltd (DHFL) opened two more branch
 offices at Nellore and Kadapa in Andhra Pradesh. Now, DHFL has a
 network of 72 branches and 116 service centres across the country.